Question

matching
choose the letter of the correct term for each definition.
terms:
a. gross domestic product (gdp) f. monopoly
b. inflation rate g. fiscal policy
c. labor force h. monetary policy
d. business cycle i. commerce
e. recession j. price fixing

1. ____ central bank regulation of money supply and interest rates.
2. ____ activities involved in buying and selling goods on a large scale.
3. c all the people in a nation who are capable of working and want to work.
4. j occurs when two or more businesses in an industry agree to sell the same good or service at the same price.
5. ____ alternating periods of expansion and contraction in an economy.
6. b rate of change in prices calculated on a monthly or yearly basis.
7. ____ tax and spending decisions made by the president and congress.
8. ____ the market value of all final products produced in a country during a specific period of time.
9. ____ a period of significant decline in the total output, income, employment, and trade in an economy.
10. f market structure with one business that has complete control of a market’s entire supply of goods and services.

Explanation:

1.

The definition "Central bank regulation of money supply and interest rates" matches the term "monetary policy" (H), as monetary policy is about central bank's control over money supply and interest rates.

The description "Activities involved in buying and selling goods on a large scale" corresponds to "commerce" (I), as commerce deals with large - scale trade activities.

The phrase "Alternating periods of expansion and contraction in an economy" is the definition of "business cycle" (D), as the business cycle consists of economic expansion and contraction phases.

Answer:

H. monetary policy

2.